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Blueberry Vale Housing Co Op Form

Blueberry Vale Housing Co Op Form

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[Music] hi I'm mayor Bobby Lindamood I've talked to y'all before about the city's brand new homestead exemption now that the 2024 property tax bills have come out I wanted to give another update so you'll know what to expect cville needed to collect additional property tax revenue this year about 6.5% to cover rising cost and Public Safety Equipment to offset this increase for Citizens we adopted a 7% homestead exemption even though the actual property tax rate we adopted was a teeny tiny bit higher than last year by adding in the homestead exemption we're able to keep property taxes low for our citizens here's an example of a property tax bill this citizen has a homestead exemption which reduces both their city and School District taxes the city 7% homestead exemption calculates the $49,000 exemption reducing their appraisal value of $700,000 to a taxable value of 651 th000 the taxable value times the tax rate equals the amount o

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